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Greenlight Capital Bounces Back in July

David Einhorn’s fund is up 10.7 percent this year even after a hasty exit from J.C. Penney.

It is turning out to be a good year so far for David Einhorn’s Greenlight Capital, though it might have been even better if Einhorn had kept betting against J.C. Penney Company, which he calls his “most profitable short of 2012.” He still doesn’t believe the embattled retailer is going

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